Reviewing Coverage After the New Year
Sometimes, coverage decisions made in the fall don’t feel right once the new year begins.
The Medicare Open Enrollment Period (OEP) offers a limited opportunity for certain individuals to make adjustments early in the year.
What Is the Open Enrollment Period (OEP)?
The Medicare Open Enrollment Period runs from January 1 through March 31. This period applies only to individuals already enrolled in a Medicare Advantage plan.
Who OEP Is For
- People currently enrolled in Medicare Advantage
- Individuals who want to adjust coverage after January 1
- Those who find their plan no longer fits their needs
What Can Be Changed During OEP
- Switching to a different Medicare Advantage plan
- Returning to Original Medicare
- Enrolling in a standalone prescription drug plan if returning to Original Medicare
What to Check Before Making Changes
- Provider and hospital networks
- Prescription drug coverage
- Out-of-pocket costs
- How your healthcare needs compare to your current plan
- Educational webinars focused on early-year changes
- One-on-one phone reviews
- Online resources explaining available options
- Seminars when offered
The Medicare Open Enrollment Period provides a second look at your coverage.
